Employment adjustment during the global crisis: differences between state-owned and private enterprises
Corvinus University of Budapest. Institute of Economics
Corvinus University - Budapest
2013
12 p.
economic recession ; employment ; employment creation ; private sector ; public sector
Budapest Working Papers On The Labour Market
11
Business economics
English
Bibliogr.
"This paper analyses the employment adjustment of state- and privately-owned companies before and during the global crisis. Using Hungarian data, it finds that the net job creation rate is similar across the two ownership types before the crisis, but during the crisis state-owned companies have a net job creation rate larger by 7 percentage points than private enterprises. The effect is caused both by a larger gross job creation rate and by a drop in job destruction associated with state ownership."
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